Regulatory Exclusions May Reappear After Meltdown

Law360, New York (March 20, 2009, 12:00 AM EDT) -- To many observers, the rash of bank failures over the past year is like a flashback from the savings-and-loan crisis, complete with a surge in regulatory actions. That, some insurance professionals say, may spark the reappearance of a feature that emerged in the 1980s and 1990s in the financial services insurance market: regulatory exclusions in directors and officers policies.

D&O policies, which include a broad range of liability coverages from company to executives and board members, generally provide standard coverage for costs associated with investigations by...
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